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a little depressing here, but the report is from senator tom coburn. he's taking aim at wasteful pentagon spending. he says the department of defense has become the department of everything. take a look at some of the programs he found the pentagon had paid for in recent years including a symposium in which they discussed the topic "did jesus die for klingons too" on the implications for christi christianity if exterstrials were discovered. they also a studied slang on twitter. dod overhead is larger than the gdp of israel and the uae. he recommends $67.9 billion in savings in ten years are cut out of the pentagon budget by going afr some of the things he lists here. so a lot of wasteful spending here being highlighted over at the pentagon by a republican which is interesting. >> all right. eamon, thanks very much. maria. >> thank you so much. as you just heard, billions of dollars being wasted just in the defense department alone. yet, it is the tax revenue side of the fiscal fight that's getting all the attention, bill. >> it's always a time to put spending cuts front and center in this
these days. take a look at some of the spending that he found buried inside the pentagon's budget. coburn said he found spending by the pentagon and other departments of funding studies of babies interacting with robots, the air force spending money on studying the color of dinosaur feathers and darpa spends $6 million on a study of storytelling techniques and the brain. coburn said he or she identified about $67.9 billion worth of spending that he thinks over ten years can be easily cut out of the pentagon budget. and i want to leave you with one of the other items that he found here. this was kind of a whopper to a lot of us here in the office. he found that the pentagon had financed a seminar discussion and the topic of that discussion was, did jesus die for the cling-ones, too? and it was a discussion of whether or not -- what the implications are for christianity if extraterrestrial life is discovered? those are your taxpayer dollars at work. >> eamon jarvis, thank you very much. >>> sure, obama care may guarantee you health insurance. but what good is it if you can't get any health
of defense of really becoming the department of everything. he says the pentagon's wasting a lot of money and he's found examples in the pentagon spending money on things like a study for a question of did jesus die for cling-ones, too. they've sponsored a discussion series in which they talk about the implications for christianity of the discovery of extraterrestrial life. they also financed studies of a new type of beef jerky that's flat, kind of like a fruit roll-up instead of round like a slim jim. all sorts of other details in this report. but in all seriousness, what coburn has done here is sort of laid out the pentagon's overhead budget just the overhead next to the gdp of several major nations. take a look at where the pentagon's overhead ranks. if you ranked it pass a country, it is just below portugal there and just above the country of israel if you look at dod overhead as a separate country. then coburn has some recommendations here for key areas to make savings, including canceling non-military research and development like that cling-on conference. phasing out dod schools th
director david petraeus citing an extra marital affair. also today the pentagon released a new timeline of the response to the attack showing it took more than 14 hours for first u.s. military unit to arrive in libya after the attack. all right. >> joining me now is syndicated radio talk show host john bachelor. john, welcome back. david petraeus is a great american, an admired american. now he has to resign from the cia, why, john? what is the meaning of this? what is the timing of this? >> i am told by several sources it was not beauty killed the beast, larry. it was benghazi. mr. petraeus misled, i'm told. misled an important committee on the hill and he did not want to return to that committee as director of the central intelligence. >> so you're saying that the extra marital affair is not the reason? it's the reason he's cited, but you're saying? fact, that's not the case? there's a whole history of these things in spy circles and secret services and blackmail and you're saying that ain't what happened? >> i'm surprised at the timing and the timing tells us a deal. i am told, larry
in the pentagon and domestic discretionary. >> we saw the stock market sell off by about 40 points during the president's speech. wall street was convinced after mr. boehner's comments earlier this morning that some are interpreting as an olive branch, that perhaps there would be a move towards more common ground. now we see that wall street is interpreting the president as not as conciliatory as some thought he would be. do you think that we will be able to get some sort of agreement by the end of the year or given what we've heard this morning do you think it is further away than ever? >> i don't think it is further away than ever but i don't know that it will come by january 1. there are practical challenges ahead. i was very pleased with speaker boehner's comments. in my view he wants to reach an agreement. his challenge is the conference that when he was doing the grand bargain negotiations with the president. that was the high point of hope. it fell apart once he went back to his conference. so if they are able to keep an agreement and president obama clearly wants to, that's great
a report out what's called waistful pentagon spending. he said the department of defense has become the department of everything. he's particularly interested in darpa research spending. take a look at what he found. he focuses on a couple of particular studies including a study on cling ones. darpa paid $100,000 to sponsor a discussion series. one topic was implications for christianity if extra terrestrials are discovered. another one that co burn found was pentagon spending on better beef jerky. the foreign comparative testing program spent $1.5 million developing jerky that features flavors including salami, chipotle and turkey. this beef jerky is shaped like a fruit rollup. they also studied the politics of goldfish. darpa paid $5.2 million for a study that included goldfish. the study analyzed group behavior in goldfish and it suggested implications for human political behavior based on the way the goldfish were swimming. sarl, senator coburn said you can take $67.9 billion a year out of the pentagon budget very easily by going after a raft of programs like this. >> eamon you
, and because of the implications for the pentagon budg budget. going over that cliff is an outcome that has to be avoided. at the same time, in saying that, it's an outcome that has to be avoided, that can't become a license for terror. that can't become a license that whoever is most unreasonable gets their way because we have to avoid going over the cliff. i think a compromise will be found. >> what do you think is most important for the next treasury secretary? we know that tim geithner said he's going to stay until the fiscal cliff issues are complete. but then i've been reporting on this network a number of times that i think larry fink wants that job. there's a bit of a horse race going on. who do you think gets it, and what are the most important skill sets? >> maria, you know from a long experience of having me on this show that i stay out of questions of personality. look, the most important attribute of treasury secretary is the confidence of the president. the president should have in that position whoever he has the most confidence in their ability to provide economic leadership
an unmanned u.s. drone in international air space according to the pentagon. a formal warning was sent to tehran you through diplomatic channels. if the drone were hit it could have forced retaliation from the u.s. so against this backdrop, we want to know which of these stories is most important for the months ahead or is it something else entirely that we're not yet focused on? join the conversation. worldwide@cnbc.com. tweet @cnbcwex. @kelly_evans. the @rosswestgate. >>> still to cork we'll talk shipping trends with a guest who says the handover of power in china will be positive for global trade. [ female announcer ] the power to become a better investor has gone mobile. with features like scanning a barcode to get detailed stock quotes to voice recognition. e-trade leads the way in wherever, whenever investing. download the ultimate in mobile investing apps, free, at e-trade. >>> the danish shipping giant reiterated it profit will grow despite posting a disappointing set of results. the group says it will post earnings of around 3.7 billion in 2012. joining us is james leak to tak
this morning totally distracted by this petraeus scandal which is affecting the pentagon and the military so everybody's got sort of one eyeball on the fiscal cliff and one eyeball on this epic scandal that's breaking out over at the pentagon. >> did "the washington post" steal this "in the line of booty"? >> i didn't see that in "the post" this morning, that seems like a "daily news" classic. >> it has elmo, but "sister act." it's a whole separate issue. >> the question with this sex scandal that's going on right now is who is this woman jill kelley. she had some weird relationship with general petraeus, whether it was physical or not. she had a twin, she was the tampa socialite apparently threatening to paula broadwell who was petraeus' mistress. >> identical twin? >> apparently yes. if you see pictures of them side by side they appear to be identical twins. >> that's a whole new level if you got twins involved you got to admit that andrew, right? >> this scandal has every possible element. >> twins, the whole, you know what i'm saying. >> yes, that is true. but one other piece of this. wh
Search Results 0 to 8 of about 9